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NEW YORK (GenomeWeb) – Veracyte reported after the close of the market on Tuesday that its first quarter 2018 revenues rose 22 percent year over year

For the three months ended March 31, the genomic testing firm reported total revenues of $20.0, compared to $16.4 million in Q1 2017, beating analysts' average estimate of $18.0 million.

"We had a great quarter in which we beat revenue and genomic test volume growth expectations and generated strong momentum across our business," Bonnie Anderson, chairman and CEO of Veracyte, said in a statement.

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